London-based international law firm Allen Overy is reviewing all the contracts entered into by the Strategic Fuel Fund (SFF) since 2014, says interim Central Energy Fund (CEF) chairwoman Lindiwe Mthunzi.She expects the law firm, which worked on Anheuser-Busch InBev’s takeover of SABMiller, to submit an interim report in the second week of December.The company was chosen to lead the review of more than 30 contracts, several of which are related to the sale of SA’s strategic oil stockpile of 10.3-million barrels by CEF subsidiary SFF in December 2015. It was sold at a discount to the spot price.The firm was chosen because it has not done any work recently for any of the companies within the group, and so would not be biased, and also because it had expertise in the energy sector.Mthunzi, who appeared before Parliament’s energy committee on Tuesday, said she had met Energy Minister Tina Joemat-Pettersson in a bid to establish discipline within the group following the series of governan...
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